BofA raised the firm’s price target on Capital One (COF) to $206 from $173 and keeps a Buy rating on the shares. The firm is raising its multiples across the pure-play card issuers following the election as investor optimism around regulatory relief, lower tax rates, and faster growth has improved sentiment across the sector, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COF:
- Capital One exec Raghu sells 24,786 common shares
- Trump’s Victory Sparks Market Surge: The Winners and Losers of the “Trump Trade”
- Early notable gainers among liquid option names on November 6th
- Capital One discloses NORA letter from CFPB over possible enforcement action
- Capital One price target raised to $185 from $170 at Wells Fargo